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ARK Tokenizing a venture fund in partnership with Securitize, holding equity in companies including OpenAI and Anthropic

PANews September 24 news, according to a CoinDesk report, Cathie Wood’s ARK Invest has partnered with Securitize to tokenize its ARK Venture Fund(ARKVX). The fund’s portfolio includes private technology companies such as OpenAI, Anthropic, Stripe, and Databricks. Securitize will provide on-chain issuance and investor services for the tokenization,ARKVX will launch first on Ethereum, with possible expansion to other blockchains in the future. The tokenization does not mean that the shares of the relevant portfolio companies themselves will be put on-chain or made freely tradable; investors will receive a blockchain-based representation of fund interests. Securitize also plans to provide a daily net asset value and support trading of fund interests on blockchain markets.

Source: https://www.panewslab.com/zh/articles/01a0d389-0a24-7463-9607-c319f2c72b90